Wiefek, Nancy; Rosen, Corey; Garbinsky, Timothy - In: Journal of Participation and Employee Ownership 2 (2019) 3, pp. 183-189
Purpose: Close to half of all privately held companies in the USA are owned by baby boomers, meaning 2.7m American businesses are owned by someone age 55 or older. In the coming decades, all of these businesses will either change owners or disappear. The median state has 34,000 businesses...